37783 Palo Colorado Rd Carmel, CA 93923
Estimated payment $8,370/month
Highlights
- Ocean View
- 10.27 Acre Lot
- Wood Flooring
- Carmel River Elementary School Rated A+
- Deck
- Power Generator
About This Home
Enjoy your escape at this off-grid ocean view property with two homes on 10+ acres in the Lower Greenridge neighborhood of Palo Colorado. The 818 sq. ft. original home, affectionally called 'The Treehouse' was built by a revered local craftsman and consists of 2 bedrooms, and 1 bathroom with radiant floors, concrete countertops, a large gas range, and sweeping ocean views from the top floor bedroom. An 1,173 sq ft newly constructed and separate home lies down a set of stairs consisting of 2 bedrooms and 2 bathrooms with spectacular ocean views from the primary bedroom and expansive private deck. Two fully-owned solar systems and a 6,000 gallon water tank service the property. Come and be amazed at what life can be! Do not disturb the occupants of the property - APPOINTMENT REQUIRED.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,816
Year Built
- 2022
Lot Details
- 10.27 Acre Lot
- Drought Tolerant Landscaping
- Grass Covered Lot
- Back Yard
Property Views
- Ocean
- Bay
- Canyon
- Ridge
- Mountain
- Forest
Home Design
- Wood Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,991 Sq Ft Home
- 2-Story Property
- Wood Flooring
Parking
- 5 Parking Spaces
- Uncovered Parking
Outdoor Features
- Deck
Utilities
- Heating System Uses Propane
- Power Generator
- Propane
- Spring water is a source of water for the property
- Water Storage
- Septic Tank
Listing and Financial Details
Community Details
Overview
- 1,991 Sq Ft Building
Building Details
- 2 Leased Units
- Gardener Expense $2,400
- Insurance Expense $6,000
- Maintenance Expense $4,000
- Utility Expense $840
- Trash Expense $664
- Operating Expense $21,904
- Gross Income $58,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,816 | $765,547 | $546,820 | $218,727 |
| 2024 | $7,816 | $750,538 | $536,099 | $214,439 |
| 2023 | $7,775 | $735,823 | $525,588 | $210,235 |
| 2022 | $7,519 | $721,396 | $515,283 | $206,113 |
| 2021 | $7,444 | $707,252 | $505,180 | $202,072 |
| 2020 | $6,751 | $648,375 | $541,216 | $107,159 |
| 2019 | $6,622 | $635,662 | $530,604 | $105,058 |
| 2018 | $6,501 | $623,199 | $520,200 | $102,999 |
| 2017 | $6,366 | $610,980 | $510,000 | $100,980 |
| 2016 | $6,265 | $599,000 | $500,000 | $99,000 |
| 2015 | $6,272 | $610,968 | $509,990 | $100,978 |
| 2014 | -- | $696,741 | $685,596 | $11,145 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | For Sale | $1,395,000 | +80.0% | $701 / Sq Ft |
| 05/05/2025 05/05/25 | For Sale | $775,000 | +16.5% | $661 / Sq Ft |
| 05/05/2025 05/05/25 | For Sale | $665,000 | -52.3% | $813 / Sq Ft |
| 05/05/2025 05/05/25 | For Sale | $1,395,000 | -- | $701 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $299,000 | Radian Settlement Svcs Inc | |
| Trustee Deed | $478,478 | Servicelink | |
| Grant Deed | $599,000 | Chicago Title Insurance Co | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | $625,000 | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Commercial | |
| Previous Owner | $479,200 | New Conventional | |
| Previous Owner | $500,000 | Unknown |
Source: MLSListings
MLS Number: ML82006269
APN: 418-091-021-000
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